The Czech-based industrial developer CTP increased the size of its portfolio by 680,000 sqm in 2017 to 4.5 million square meters divided into 82 locations across the region. The largest portion of this growth came in Romania and in Hungary, while the vacancy rate for the regional leader at the end of the year came to 97.7 percent. The coming five years will be ones of even faster growth, according to the company’s plans, as it intends to double the size of its portfolio to 10 million sqm within five years. The average age of CTP buildings is currently eight years. The most important sources of demand continue to be e-commerce, production and logistics. Among the company’s more important tenants it concluded deals with in recent months were DSV and Van Moer Logistics in Romania, TI Automotive, Faurecia, Plastic concept in Slovakia, and IAC Group in Opole (Poland).
